No. of Recommendations: 5
You and I would be ones that can afford it, would we not? Until we couldn’t…
I get your point. However, so far, Cuban has wanted to make it affordable. That's what he did with Cost Plus. I didn't see a detailed plan laid-out in that article. I'm speculating as to his plan (if he has one). A guess, get rid of insurance, establish criteria for which people get government care. Or perhaps make it a progressive criteria, like taxes. A $100 doctor's visit, you and I pay our own. A $27K pill, assuming the drug company is able to charge that under a new system, it would be paid for us. Again, just a guess.
When I see stuff like the $27K pill, I always remember my situation. In 2019 I had a serious procedure. I managed to come out mostly intact. I saw the bill the hospital submitted to insurance. It was something like $165K. The first thing insurance did was to apply the "contracted discount", and brought it instantly to around $39K. Right there, there's a problem. Did the hospital just eat $126K?? I don't think so. They would never have contracted to that. The hospital was able to accept $39K and still be in business. Somebody just made up that $165K number. That's a big part of what's wrong with care today.
Get insurance companies out of it, and they'd never submit such a bill because they know only people like Bill Gates could pay it.
